US dollar rebounded on Fed rate cut bets, gold hit $3550.

On Tuesday, the US dollar index closed up for the first time in six trading days due to long-term yields putting pressure on non US currencies such as the pound and yen, ultimately closing up 0.66% at 98.327. US Treasury yields have generally risen, with the benchmark 10-year Treasury yield closing at 4.263% and the 2-year Treasury yield sensitive to the Federal Reserve policy rate closing at 3.652%. On Wednesday (September 3, Beijing time), in the morning session of the Asian market, spot gold traded around $3530 per ounce, with gold prices hitting a record high of $3539.88 per ounce on Tuesday. Investors' confidence in the Federal Reserve's interest rate cut continues to strengthen, and with political and economic risks lingering, investors are flocking to the gold market. With the latest round of sanctions imposed by the United States on Iranian oil exports and OPEC+not expected to cancel remaining voluntary production cuts this week, international crude oil continues to rise. WTI crude oil remained above the $65 mark, ultimately closing up 1.46% at $65.37 per barrel; Brent crude oil ultimately closed up 1.38% at $69 per barrel.